iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Reaches New 52-Week High – Still a Buy?

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) reached a new 52-week high on Thursday . The company traded as high as $50.54 and last traded at $50.53, with a volume of 641587 shares trading hands. The stock had previously closed at $50.52.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The stock has a 50-day simple moving average of $50.61 and a two-hundred day simple moving average of $50.53.

iShares Ultra Short-Term Bond Active ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.2233 per share. This is an increase from iShares Ultra Short-Term Bond Active ETF’s previous dividend of $0.22. The ex-dividend date was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares Ultra Short-Term Bond Active ETF

A number of large investors have recently added to or reduced their stakes in the company. InterOcean Capital Group LLC bought a new stake in shares of iShares Ultra Short-Term Bond Active ETF in the 1st quarter valued at about $219,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of iShares Ultra Short-Term Bond Active ETF during the second quarter valued at approximately $253,000. First International Bank & Trust grew its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 2.8% in the second quarter. First International Bank & Trust now owns 123,820 shares of the company’s stock worth $6,257,000 after purchasing an additional 3,422 shares during the last quarter. Capital Advantage Inc. increased its stake in shares of iShares Ultra Short-Term Bond Active ETF by 19.6% in the second quarter. Capital Advantage Inc. now owns 930,308 shares of the company’s stock worth $46,906,000 after buying an additional 152,636 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings in iShares Ultra Short-Term Bond Active ETF by 25.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 15,672 shares of the company’s stock valued at $792,000 after buying an additional 3,166 shares during the last quarter.

About iShares Ultra Short-Term Bond Active ETF

The iShares Ultra Short-Term Bond ETF (ICSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in broad market, investment-grade bonds with ultra-short-term maturity. ICSH was launched on Dec 11, 2013 and is managed by BlackRock.